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AVL cashes in options

OPTIONHOLDERS in Australian Vanadium have found themselves in the rare circumstance of being in the money, and more than 250 have converted those A2c options into more shares, pumping $6.1 million into the company, which will help it accelerate development of the Gabanintha vanadium project.

Haydn Black
The proposed Gabanintha operation.

The proposed Gabanintha operation.

The company has also used the positive market sentiment to raise a further $1.25 million via 62.7 million underwritten options.   The company now has almost $9.7 million in its coffers, sufficient...

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